The North Coast of KwaZulu-Natal has seen a consistent amount of property sold during lockdown and this demand clearly underscores the persistent popularity of the area.
Rapid infrastructural development coupled with a desirable lifestyle have traditionally been significant markers resulting in sustained growth of a real estate market. On the North Coast of KwaZulu-Natal, a consistent amount of property is continuing to be sold, even during these unprecedented times and this demand clearly underscores the persistent popularity of the area.
The North Coast has always been a popular holiday destination, however it has also reinvented itself to become an area of choice for various types of investors.
"The area has enjoyed a long term track record of outperforming the average national growth statistics, and this is expected to continue due to the demographics of the people living in the immediate areas as well as the many families who are still relocating here," according to Samuel Seeff, Chairperson of Seeff Properties.
Following is a snapshot of the average property price across these 14 areas in KwaZulu-Natal's North Coast - including number of new listings and properties sold during 2020 according to Property24 data.
| Average property price | Total listings | New listings in May | Sold in 2020 | |
| Ballito | R 2 253 070 | 5 730 | 201 | 194 |
| Mount Edgecombe | R 5 129 500 | 531 | 21 | 52 |
| Umhlanga | R 2 350 688 | 3 535 | 161 | 261 |
| Tongaat | R 1 120 252 | 368 | 6 | 40 |
| La Mercy | R 1 236 250 | 253 | 6 | 4 |
| Richards Bay | R 1 006 616 | 2 133 | 44 | 179 |
| Umdloti | R 2 466 666 | 278 | 11 | 2 |
| Blythedale | R 1 337 000 | 205 | 2 | 6 |
| Empangeni | R 731 857 | 1 006 | 17 | 92 |
| Phoenix | R 615 458 | 308 | 20 | 160 |
| Zinkwazi Beach | R 1 446 000 | 182 | 1 | 5 |
| Mtunzini | R 1 459 347 | 513 | 4 | 24 |
| Esikhawini | R 461 485 | 271 | 5 | 35 |
| Verulam | R 671 944 | 159 | 5 | 39 |
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Seeff says, adding to other established developments in the region, many new developments have been launched in recent times "including Montcalm in Zululami, Elaleni, Zululami, Seaton Club and Springvale Country Estate all of which are contributing to the luxury of choice when it comes to secure gated environments with great communal facilities."
A new development also in the pipeline includes Odyssey Ballito – "a ground breaking mixed use precinct encompassing medical, residential, retail and commercial space,which is set to add a new dimension to the local property and investment landscape".
"Seeff North Coast has an extremely experienced New Developments Division comprising Principal, Tim Johnson, Ian Naidu with over 13 years’ experience in many development projects, as well as Kelvin Isaac who has over eight years’ experience in green field projects. This niched team is now poised to provide valuable insights into these exciting new development offerings," says Seeff.
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Speaking against the backdrop of the Supplementary Budget last week, Dr Andrew Golding, chief executive of the Pam Golding Property group says the prioritisation of infrastructure development across South Africa is positive news, with 177 infrastructure projects already being considered across public and private sectors.
Golding says the 2020 Sustainable Infrastructure Symposium for SA indicates that there is already 55 “shovel-ready” infrastructure projects in the pipeline across the country.
"This strategy, together with the re-energising of public-private partnerships, augurs well for increased confidence in our economy among investors – both local and international, and the business sector, with broad spin-offs for job creation, industry, communities and ultimately, the property market."
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